AML BitCoin Signals Serious Progress in Talks with Estonian and Slovenian Government Representatives

This week, Marcus Andrade, the creator of the revolutionary new digital currency AML BitCoin and CEO of NAC Foundation, held meetings with Slovenian and Estonian officials to discuss the potential uses and advantages his patent-pending blockchain-based platform offers their respective governments.

The negotiations in Estonia coincided with the EU Digital Summit held in Tallinn. According to Andrade, he had very encouraging conversations with the Estonian e-Residency team; their county has been contemplating issuing its own digital currency, the ESTcoin.

The talks, which involved numerous Estonian lawmakers, including Kalle Palling, a key Parliamentarian pushing the digital commerce agenda, also touched on the intense interest several countries’ governments expressed with regards to working with AML BitCoin, which they see as the solution to original bitcoin’s vulnerabilities and security issues.

“Unlike the original bitcoin, AML BitCoin is designed to address anti-money laundering (AML) and know your customer (KYC) issues. We developed AML BitCoin to meet the most stringent banking safety and security regulations, which makes our digital currency ideal for mainstream market, right alongside traditional payment options,” said Andrade.

Marek Pajussar, a representative of the Estonian Financial Supervision Authority, indicated his agency’s awareness of and strong interest in AML BitCoin’s AML and KYC features.

In Slovenia, Andrade met with Boris Koprivnikar, the Slovenian Deputy Prime Minister and Minister of Public Administration. Minister Koprivnikar expressed his support of blockchain as the technology of the future and asked Andrade about the potential for a wider application of AML BitCoin’s identification capabilities. Minister Koprivnikar is a strong advocate of innovations in public administration.

“AML BitCoin offers a unique set of user identification advantages. We developed sophisticated verification methods, which include patent-pending biometric digital identification. This our proprietary technology – something no other digital currency or financial technology platform can boast. This makes our solution ideally suited to be used by governments wishing to digitize their services while also protecting the identity of their users,” explained Andrade.

The meeting with Minister Koprivnikar was very productive, with Minister confirming his agency’s optimism about the new currency. Mr. Andrade also met with key Slovenian lawmakers, including Deputy Matej Tonin, one of the representatives lobbying for cyber security regulation, who questioned Andrade about other governments’ approaches to regulating blockchain and digital currencies.

“Several countries have recently expressed their opposition to anonymous digital and cryptocurrencies, such as bitcoin, because they believe that their inherent anonymity opens the door into otherwise secure financial systems to criminals and terrorists. The U.S. Congress is currently debating the legislation to ban the use of anonymous, non-AML compliant cryptocurrencies by U.S. businesses,” offered Andrade.

The meetings concluded with Andrade and his counterparts from Estonia and Slovenia – two countries on the forefront of the European Union’s technology explorations – expressing their interest in future collaboration. NAC Foundation is hopeful that these two countries will decide to join other national governments in introducing the safe and secure AML BitCoin in their financial systems.